KKool5235 KKool5235
  • 03-01-2024
  • Business
contestada

Reddick Enterprises' stock currently sells for $24.50 per share. The dividend is projected to increase at a constant rate of 5.50% per year. The required rate of return on the stock, rₛ, is 9.00%. What is the stock's expected price 3 years from today?

a. $28.77
b. $26.76
c. $24.45
d. $31.65
e. $33.66

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